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According to the latest Big Mac Index, the rand is undervalued by 25% - adjusted to GDP. The Index is based on the theory of the purchasing power parity (PPP), the notion that in the long run exchange rates should move towards the rate that would equalise the prices of an identical basket of goods and services (in this case, a burger) in any two countries

Medical aid increases have not been keeping pace with salary raises, according to the eights GTC Medical Aid Survey. The financial services company, formerly Grant Thornton Capital, publishes the annual survey to assist its own consultants, financial planners and medical aid members to decide on the best plan to suit their pocket and needs.
"The effect

The President of the People's Republic of China Xi Jinping will next week arrive in South Africa on an official state visit ahead of the Brics Summit. The visit, on July 24, is aimed at strengthening economic ties between the two countries, and will be Xi’s third trip to the country since he took office.
"Xi will be in the country as part of his official

German software firm SAP raised its revenue forecasts for the full year on Thursday, after sales of its cloud computing products and its bottom line swelled in the second quarter. The Walldorf-based firm reported net profits of €720m between April and June, up 8.0% year-on-year.
Operating, or underlying profits grew 13%, to €1.04bn, on the back of revenues

The local bourse struggled to find a significant catalyst for direction as it swung marginally between gains and losses. Locally, Statistics SA released inflation numbers for the month of June. Consumer Price Index (CPI) year-on-year climbed up to 4.6% from a prior recording 4.4%, while CPI month-on-month increased to 0.4% from a prior recorded level

National Treasury and the South African Revenue Service (SARS) are giving South Africans until the middle of August to submit written comments on the newly published Taxation Laws Amendment Bill and the Tax Administration Laws Amendment Bill. The two draft laws, which were released in February during the budget review, seek to introduce tax reforms which

National Treasury has raised concerns over poor accountability for officials who abuse the public procurement system through deviations from tender processes without approval, saying the practice is rife in state-owned enterprises. Procurement through deviation is legally allowed in cases where it would be impractical to invite competitive bids. The process

Eskom will keep the lights on at three Free State municipalities which have made new payment agreements with the power utility. Speaking to Fin24 by phone on Tuesday afternoon Eksom spokesperson Khulu Phasiwe said that that the municipalities Masilonyana and Nala had both reached payment agreements with Eskom. Later in the evening, he notified Fin24 that Tokologo

The world's wealthiest people collectively hold a $63.5trn fortune and are on track to exceed $100trn by 2025, according to a new analysis. Meanwhile, Amazon CEO Jeff Bezos – who became the first centi-billionaire earlier this year – is in the lead in the race to become the first trillionaire, too.
Electronics and tool distributor RS Components has analysed